Shell plc repurchased and cancelled 2,393,719 shares on 16 December 2025 as part of its $3.5 billion share‑buyback programme launched on 30 October 2025. The transaction was executed by Merrill Lynch International under the company’s pre‑set parameters and is one of the daily disclosures that make up the on‑ and off‑market limbs of the programme.
The buyback is a key element of Shell’s capital‑return strategy, designed to reduce issued share capital while maintaining its dividend and share‑price‑support targets. The programme is scheduled to run until 30 January 2026 and has already seen more than $3 billion repurchased over the past four years.
The 2,393,719‑share transaction was valued at a volume‑weighted average price of £26.3093 on the London Stock Exchange and €30.0803 on the Amsterdam exchange, amounting to roughly £62.9 million (≈ €72 million). This adds to the cumulative repurchases that have already exceeded $3 billion in the current programme.
The buyback follows a strong Q3 2025 earnings report, in which Shell reported adjusted earnings of $5.4 billion—up from $4.2 billion in Q2—and cash flow from operations of $12.2 billion. Management highlighted that the robust performance and healthy cash flow position the company to continue returning capital to shareholders.
CEO Wael Sawan said the programme demonstrates Shell’s commitment to shareholder returns while pursuing a strategy focused on LNG and cost discipline. CFO Sinead Gorman noted that the programme will have repurchased more than a quarter of shares over the last four years, underscoring the long‑term scale of the capital‑return plan.
Investors have treated the daily buyback disclosures as routine, with no significant shift in market sentiment, underscoring that the programme is a predictable element of Shell’s capital‑return strategy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.